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From ABC News
SHENZHEN, China — Between baskets filled with hard drives, memory sticks, LED lights and countless other bits of technology hardware, Jason Gui found what he was looking for: a handful of tiny batteries.
His business partner, Tiantian Zhang, whipped out her phone to pay for them via WeChat, the all-in-one messaging and payments app ubiquitous in China, and transferred about 4 yuan, or $0.60, for each battery.
The bustling wholesale market with its rows of vendors is part of Huaqiangbei, a subdistrict in the Chinese city of Shenzhen that has become known as the “Silicon Valley of hardware.”
For Gui, it’s better than that.
Silicon Valley was “a little bit slow for us,” Gui said over his workstation at Hax, a startup incubator in Shenzhen. “If you were to do this in the U.S., you would just be importing the same materials from China anyway.”
Gui, 28, and Zhang, 30, are known as “haigui,” or sea turtles, a term for foreign-educated Chinese people who have returned to China.
About 80 percent of Chinese students who get degrees abroad now go back — up from about 33 percent in 2007, according to China’s Ministry of Education. Some 15 percent take jobs in China’s booming tech sector.
COMMENT:-
<sarc>Isn't it about time that Mr. Trump imposed tariffs on Chinese students? After all, they only come to the US and steal America's knowledge then export it without paying a dime for America's intellectual property (which is theft). Maybe a total embargo on imported Chinese students and a total ban on any export of American knowledge to China (with crushing sanctions being imposed on any other country that allows anything that is known to any American to be exported to China) is the way to go. I mean, if the Chinese can't get their knowledge from America then no other country in the world has any and that means that the Chinese will shortly be reduced to illiterate peasants which will prove the natural superiority of the United States of America since the US has been around for over 240 years and China has only existed since January 1, 1979 (barely 40 years)</sarc>.
China's rising tech scene threatens U.S. brain drain as 'sea turtles' return home
SHENZHEN, China — Between baskets filled with hard drives, memory sticks, LED lights and countless other bits of technology hardware, Jason Gui found what he was looking for: a handful of tiny batteries.
His business partner, Tiantian Zhang, whipped out her phone to pay for them via WeChat, the all-in-one messaging and payments app ubiquitous in China, and transferred about 4 yuan, or $0.60, for each battery.
The bustling wholesale market with its rows of vendors is part of Huaqiangbei, a subdistrict in the Chinese city of Shenzhen that has become known as the “Silicon Valley of hardware.”
For Gui, it’s better than that.
Silicon Valley was “a little bit slow for us,” Gui said over his workstation at Hax, a startup incubator in Shenzhen. “If you were to do this in the U.S., you would just be importing the same materials from China anyway.”
Gui, 28, and Zhang, 30, are known as “haigui,” or sea turtles, a term for foreign-educated Chinese people who have returned to China.
About 80 percent of Chinese students who get degrees abroad now go back — up from about 33 percent in 2007, according to China’s Ministry of Education. Some 15 percent take jobs in China’s booming tech sector.
COMMENT:-
<sarc>Isn't it about time that Mr. Trump imposed tariffs on Chinese students? After all, they only come to the US and steal America's knowledge then export it without paying a dime for America's intellectual property (which is theft). Maybe a total embargo on imported Chinese students and a total ban on any export of American knowledge to China (with crushing sanctions being imposed on any other country that allows anything that is known to any American to be exported to China) is the way to go. I mean, if the Chinese can't get their knowledge from America then no other country in the world has any and that means that the Chinese will shortly be reduced to illiterate peasants which will prove the natural superiority of the United States of America since the US has been around for over 240 years and China has only existed since January 1, 1979 (barely 40 years)</sarc>.